REI Lense

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$2,649 (target)

7 County Road 323, Corinth, MS 38834

3 beds • 2 baths • 2301 sqft

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This property might be a fair Mid-Term investment with a projected 8% first-year return on $64,200 initial cash invested.

8%

Cash On Cash

9.46%

Cap Rate

1.44

DSCR

$2,649

Rent

$428

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,649 income − $2,221 expenses = $428 cash flow

Income$2,649Mortgage P&I$1,20145%Property Taxes$432%Insurance$773%Management$31812%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%Cash Flow$428

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,649

Total Expenses

$2,221

Mortgage P&I

45%

$1,201

Property Taxes

2%

$43

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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